The global hair serum market has grown significantly in recent years due to increasing consumer awareness towards hair care, innovations in product formulations, and increasing demand for personal grooming products. Formulated to improve hair health, add shine, reduce frizz, and protect against environmental stressors, hair serums are becoming an essential part of modern hair care routines. Demand for hair serums is expected to continue to increase as consumers seek more effective and professional hair care solutions.
Market overview
According to the report, the global hair serum industry was estimated at $850.7 million in 2018 and is expected to reach $1.61 billion by 2026, growing at a CAGR of 8.4% from 2019 to 2026. Record. This growth is due to several factors, including: These include beauty and self-care trends, increased spending on premium, professional hair care products, and a shift toward multifunctional, natural ingredients.
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Major market segments
The hair serum market can be segmented into:
By type:
smoothing serum
anti-frizz serum
hair growth serum
heat protectant serum
Hair type:
dry hair
oily hair
curly/frizzy hair
color treated hair
By distribution channel:
Offline (salons, specialty stores, supermarkets)
Online (e-commerce platform, brand website)
By end user:
male
woman
Smoothing and anti-frizz serums dominate the market due to their widespread use among consumers with different hair types, especially those living in humid climates. However, the hair growth serum category is expected to grow the fastest as more consumers seek treatments for hair thinning and hair loss.
market drivers
Growing awareness of hair health: Fueled by global trends in personal care and grooming, consumers are increasingly concerned about hair health. Hair serums have become a hugely popular complement to daily hair care, offering immediate and visible benefits such as smoothness, shine, and protection from environmental damage.
Demand for multi-functional products: Hair serums that combine multiple benefits, such as protection from heat, UV rays, pollution and moisture, will be in high demand. Busy consumers prefer products that provide multiple solutions in one use, driving the growth of multifunctional hair serum products.
Growth in the men’s hair care sector: The men’s grooming sector is expanding and hair care is no exception. There is a growing demand for hair serums targeted at men, especially those focused on thinning hair, scalp health, and styling needs.
Natural and organic ingredients: A growing preference for natural and organic ingredients is reshaping the beauty and hair care industry. Consumers are increasingly demanding hair serums that are free of harmful chemicals such as parabens, sulfates, and silicones. Brands that offer plant-based or cruelty-free formulations have strong traction in the market.
Expansion of e-commerce: The growth of online retail has made hair serums more accessible to a wider range of consumers. E-commerce platforms provide easy access to a variety of products, user reviews and product comparisons, allowing consumers to research and purchase serums from the comfort of their own home.
Hair Loss and Scalp Care Solutions: As more and more people are suffering from hair thinning, hair loss, and scalp-related issues, there is a growing demand for hair serums that specifically address these concerns. Serums that stimulate hair follicles, promote hair growth, and improve scalp health are becoming increasingly popular, especially among older consumers and those suffering from lifestyle-related hair damage.
market challenges
Price Sensitivity: The high cost of premium and specialty hair serums can limit consumer adoption, especially in emerging markets. While some consumer groups are willing to invest in premium hair care products, many are still price-sensitive and looking for affordable alternatives.
Product differentiation: With so many hair serums on the market, brands face the challenge of differentiation. Consumers are often overwhelmed with options, and without a clear unique selling proposition (USP) and marketing strategy, it’s difficult for new or niche products to stand out.
Side effects and allergic reactions: Some hair serums contain chemicals or ingredients that can cause scalp irritation, allergic reactions, or build-up in the hair over time. Concerns about product safety and potential long-term effects can pose challenges with certain formulations.
Competition from DIY and natural alternatives: Some consumers are turning to DIY hair care treatments using natural oils such as argan, coconut, and jojoba as an alternative to commercially available hair serums. This growing “natural beauty” trend is likely to impact the demand for traditional hair serums.
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Key regional insights
North America: The hair serum market in North America is one of the largest markets due to high consumer spending on personal care products. Rising trends in self-care and luxury hair treatments are driving demand for both premium and mass-market serums in the United States and Canada.
Europe: European consumers have a strong preference for organic and natural hair care products. In countries such as the UK, France and Germany, there is a growing demand for hair serums with environmentally friendly and sustainable ingredients. Additionally, the expansion of the beauty and wellness sector in Europe is further driving the market.
Asia-Pacific: Asia-Pacific is expected to witness the fastest growth in the hair serum market due to rising disposable income and increasing consumer awareness towards grooming and beauty products. Countries such as China, India, Japan, and South Korea are leading this growth. In particular, the K-beauty trend in hair care, with its focus on innovative, lightweight serums that nourish hair without weighing it down, is influencing purchasing patterns across the region.
Future trends
Technological advances in hair care: The development of serums infused with advanced ingredients such as peptides, biotin, and stem cells to promote scalp health and hair regeneration will shape the future of the market. There is a growing demand for science-backed products that provide not only cosmetic benefits but also long-term hair health solutions.
Customizable Hair Serums: Personalized beauty is on the rise, and hair serums are no exception. Brands are starting to offer customizable products tailored to individual hair concerns, such as frizz, dryness, thinning hair, and color damage, allowing consumers to create bespoke hair care solutions.
Clean, green beauty: The shift towards sustainable packaging and clean beauty formulations will continue to play a key role in the hair serum market. Brands will reduce the environmental impact of their products, use recyclable packaging, and focus on serums formulated with eco-friendly and non-toxic ingredients.
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Comprehensive hair care: There is a growing demand for products for all hair types, including textured, curly, and afro hair. Hair serums designed for specific hair types and concerns will continue to grow as consumers seek products that address their unique hair care needs, especially within Black and multicultural communities.
conclusion
The global hair serum market is rapidly evolving due to changing consumer preferences for effective, natural, and multifunctional hair care solutions. The hair serum market is expected to witness robust growth in the coming years as more consumers prioritize hair health and scalp care. Brands with a focus on innovation, sustainability, and inclusivity are well-positioned to take advantage of emerging trends and opportunities in the dynamic hair care industry.
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